Identity
Government-issued photo ID or another verification method accepted under FINTRAC guidance.
Bestari Markets provides three services, matching the three activities in our FINTRAC registration.
We buy and sell foreign currencies for individuals and businesses. Whether you are paying a supplier, moving savings or preparing for travel or study abroad, we quote a clear rate before you commit.
We transfer funds on behalf of our clients to recipients in Canada and other countries. Each transfer is processed after we verify the sender and collect the information that Canadian regulations require.
We exchange virtual currencies for fiat currency, and fiat currency for virtual currencies, for verified clients. We apply the same identity verification, record keeping and reporting rules to virtual currency transactions as to our other services.
Virtual currencies are volatile and their value can fall sharply. We do not provide investment advice, and you should only transact in amounts you can afford to lose.
Canadian law requires us to collect certain information before we can complete a transaction.
Government-issued photo ID or another verification method accepted under FINTRAC guidance.
Amount, currencies, purpose of the transaction and, for transfers, recipient details.
For larger or unusual transactions, information about where the funds came from.
Tell us what you need to exchange, send or settle. We reply within one business day.